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Nokia Oyj (NOK): Today's Featured Telecommunications Laggard

Nokia Oyj (
NOK) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 1.8%. By the end of trading, Nokia Oyj fell $0.06 (-1.4%) to $4.15 on light volume. Throughout the day, 22,435,727 shares of Nokia Oyj exchanged hands as compared to its average daily volume of 33,394,000 shares. The stock ranged in price between $4.11-$4.17 after having opened the day at $4.14 as compared to the previous trading day's close of $4.21. Other companies within the Telecommunications industry that declined today were:
Sprint Nextel (
S), down 10.2%,
Telecom Italia SpA (
TI), down 6.2%,
Telecom Italia SpA (
TI.A), down 5.1% and
Linktone (
LTON), down 3.9%.

Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. Nokia Oyj has a market cap of $15.5 billion and is part of the technology sector. Shares are up 4.8% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Nokia Oyj a buy, 6 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates
Nokia Oyj as a
sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity.